Farm Equipment Market Top Players | Industry Report 2025
The report “ Farm Equipment Market by Tractor Power Output (<30,31-70, 71-130, 131-250, >250), Drive (2WD, 4WD, & Autonomous), Combines, Baler, Sprayer, Implement (Plow & Cultivate, Sow, Harvest, Plant Protection & Fertilizer), Rental, & Region – Global Forecast to 2025″ , The farm equipment market is projected to grow at a CAGR of 4.04% during the forecast period, to reach a market size of USD 135.2 billion by 2025 from USD 102.5 billion in 2018. Factors such as increasing population, growth of mechanization due to increasing government support through subsidies or incentives, shortage of skilled farm labor, and rising labor wages are expected to fuel the demand for farm equipment. <30 hp power range is expected to be the largest segment in the farm tractor market, by power output, during the forecast period Tractors with <30 hp power are estimated to hold the largest market share, in terms of volume, during the forecast perio...